EURCAD 30M bullish

13 déc. 2021

For EURCAD we see a strong breakout of the previous resistance and now it has become a support for a long position of this pair. There is also the EMA 33 cross over the EMA 200 at 30 min that we also use as an indicator to support this long position. There is also the support of the 0.382 Fibonacci level which the pair respected and indicates a possible long position. For this trade, there is still a degree of uncertainty based on the weakness of the Euro against the Canadian dollar. From our perspective, the next move will determine the trend of this pair for the coming days. GL